FHA 203K Financing - 203KLoans
Purchasing with a Low Down Payment We offer a number of ways to finance your new home with only a minimal down payment. These include FHA 203K Streamline Rehab Programs Community Home Buyer Program. For more information, click Inquire Online. FHA203(k) Streamline Limited Repair Program Loan Process The 203K streamline limited repair program allows a customer to purchase or refinance a home and make limited upgrades or repairs to the property with a single loan. The FHA Energy Efficient Mortgage (EEM) may be used in conjunction with the 203K streamline program. There is no minimum repair cost for the program, however the maximum is $35,000 which includes a 10% overage in case repairs come in higher in the end. Any excess repair money will go toward the principal balance of the loan if not used. The repair fund will be held in an escrow account, first payment at close and last payment at completion, you must complete repairs within 90 days. There will be a $100.00 final inspection fee after closing. Eligible properties include 1-4 units. Get Approved for an FHA 203K Loan today by simply Applying Online Eligible Improvements Include:: Roofs - gutters - plumbing - electrical - flooring - painting - weatherization - storm doors - appliances - exterior decks patios porches -window and door replacement FHA Loans - A Comprehensive Selection We have the right loan for every situation. Our loan officers will help you understand all the options and make the best decision for you. To learn about our mortgage products, or to begin working with one of our loan officers, click Inquire Online. | 
